Three things are required in order to join and maintain membership in PIFAAP:

1. The member-applicant must have been licensed to sell insurance/ financial products for at least three (3) years prior to joining. This automatically weeds out the new agents, those who are patently unsuited and leave the business within the first two years, and those who are thinking to stay only for the short-term;

2. He/ she must regularly earn at least P500,000 a year, inclusive of renewals. This production requirement is nowhere as formidable as MDRT, but not that easy to do on a consistent basis unless a producer is engaged in our business full-time.

3. He/ she must be willing to undergo continuous skills upgrading by putting in a minimum of 30 hours of Continuing Education every year. CE credits are given for attendance in PIFAAP, LUAP, IARFC, LUTC. GAMA, and MDRT conferences, whether held in or outside the Philippines. Short courses in estate planning, financial planning etc. taken in academic settings such as Ateneo de Manila University, De La Salle University and the like are also credited.

 

Annual dues of P1,200 entitle PIFAAP members to discounted fees when attending all its seminars, workshops, and conferences including those held jointly with affiliate organizations such as the International Association of Registered Financial Consultants.

PIFAAP holds at least one major event a year that is open to non-members. This conference can be participated in by practitioners from the life, non-life and pre-need sectors of the financial services industry.

Exclusive member-events are also conducted throughout the year to provide the learning venues needed for the completion of PIFAAP members' continuing education requirements. Quarterly special-interest sessions for members are held at the Insurance Institute for Asia and the Pacific in Makati City. These learning sessions occasionally take the form of technical workshops with hands-on involvement, to maximize learning.

PIFAAP events, seminars and workshops are completely self-funded and self-liquidating. The association maintains no staff and operates purely through its network of member-volunteers.